No Help from Nova Scotia for Port Hawkesbury Pension

Ron Stern of Stern Partners, the final bidder in the sale of the NewPage Port Hawkesbury Supercalendered paper mill, has indicated that the firm cannot assume the costs of the pension plan for the union workers and run the facility profitably.  The successful sale of the property is contingent on coming to an agreement with the workers on this matter, among other stipulations.  Now, the Premier of Nova Scotia, Darrell Dexter, has said that the province, which has spent ~C$15 million so far to keep the condition of the mill such that it can be restarted quickly, cannot cover the pension plan liabilities.